Exam 2: Ethics and the Law.

Which of the following international organizations adopted a convention criminalizing bribes to government officials and recommending a prohibition on the tax deductibility of bribes?

__________ focuses on how the burden and benefits of a particular system are distributed.

Monica tells all her employees that she expects them to treat others as they would like to be treated.Which of following is a descriptive term for Monica's requirement?

The two main schools of ethical thought are teleological and deontological.

You are the owner of a small Internet company.You are planning a public offering in 12 months.You ask your accountant to prepare an optimistic business model that shows a greater profitability potential than a conservative estimate would produce.When the accountant questions your profitability assumptions,you remind him that he has been given 10,000 shares of the company stock at a low price.A public offering would dramatically increase the value of those shares.Discuss the ethical issues faced by the owner and the accountant.How should they be resolved?

Which of the following is true regarding the growth of socially responsible mutual funds?

The main issue in CASE 2.1 Northeast General v.Wellington Advertising(1993)was whether:

Which of the following is a term for the maximization of shareholder value?

Which of the following is true regarding shareholder primacy?

Fact Pattern 2-2 Wally and Janice are both managers in a small corporation set up to manufacture sporting goods. They both receive bonuses for any ideas that benefit the company, although Janice's bonus is computed at a lower rate than Wally's because she has been at the company a shorter amount of time. Janice has a great marketing idea that would result in her receiving a bonus of $1,000. She has it all worked out on her computer. Unknown to her, one evening after business hours, Wally obtains the information from her computer and submits it himself the next day. He is immediately awarded a bonus of $2,000 for the information. Fortunately for Janice, Sally, a custodian, saw Wally in Janice's office and heard him calling his wife while he was there to brag about his misdoings. Sally informed Blaire, the CEO, of Wally's actions. -Refer to Fact Pattern 2-2.Which of the following types of justice is involved if Blaire requires that Wally give Janice $1,000?

Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally __________ doctrine.

Employees can never be stakeholders of a corporation.

Which of the following are the three main theories under the comparative justice framework?

A __________ statute is a state statute authorizing boards of corporations to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable.

Utilitarianism seeks to equalize the benefit to everyone.

Your company has asked you to write a code of ethics.What should you include and why?

Some companies,like Nike and Adidas,are now auditing supplier working conditions and posting the results at the Fair Labor Association website.

According to St.Thomas Aquinas,only laws that followed __________ were true and just.

Companies like __________ have suffered severe financial penalties as a result of decisions the public viewed in hindsight as __________.

All fifty states have constituency statutes.